The FBX24 global ocean freight container pricing index measures 40′ container prices across key port pairs from Europe to the South American East Coast. This index is created and maintained in collaboration with the Baltic Exchange. Key ports in the index include London Gateway (LGP) and Hamburg (HAM) in Europe and Buenos Aires (BUE) and Montevideo (MVD) in the South America East Coast.
Common goods on this trans-Panama Canal trade lane include machinery, automotive parts, fertilizers, plastics, and pharmaceuticals.
High energy prices hurting rail and intermodal operators in France could lead to halting of services.
UK Border Force strike could affect logistics at UK ports and crossings.
Hapag-Lloyd CEO expects rates to decrease on inventory correction, but not crash.
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Which ports are included in FBX24?
|South American East Coast Ports:
|BEANR – Antwerp
DEBRV – Bremerhaven
DEHAM – Hamburg
ESALG – Algeciras
FRLEH – Le Havre
GBLGP – London Gateway
NLRTM – Rotterdam
|ARBUE – Buenos Aires
BRPNG – Paranaguá
BRSSZ – Santos
COCTG – Cartagena
PAMIT – Manzanillo
UYMVD – Montevideo
How is FBX24 calculated?
Prices used in the index are rolling short term Freight All Kind (FAK) spot tariffs and related surcharges between carriers, freight forwarders and high-volume shippers. Index values are calculated by taking the median price for all prices (to ignore the influence of outliers on active lanes) with weighting by carrier. 50 to 70 million price points are collected every month. The daily freight rate index is published in a “sliding window” containing the relevant data that are effective and not expired from 00:00 UTC on the day before publication to 24:00 UTC on the day of publication, meaning 48 hours in total starting from 00:00 yesterday. Only rates created or modified within the last 3 months and valid during those 48 hours will be included (in practice on most trade lanes rates are volatile and almost all rates are much newer than 3 months). Rates are calculated at 06:00 UTC and published at 14:00 UTC. The weekly freight index is calculated as an average of the five business days from the same week and published each Friday.
Which other trade lanes does FBX cover?
|There are twelve trade lanes covered by the Freightos Baltic Index. They are:
Can I source FBX24 data?
FBX data is available to subscribers on the Freightos website and via Thomson Reuters Eikon or Bloomberg screens. It is also updated weekly on the JOC’s Market Data portal, pulled weekly into TI Insight’s GSCi market intelligence platform. Besides viewing charts, you can download csv files or png charts. If you are a journalist, analyst, or armchair logistics buff, contact [email protected] if you’re interested in a CSV version of data.